Story perspectives

Canada Approves Anglo American's $20B Teck Deal Review

11/27/2025

Summary

Story summary

Canada cleared Anglo American's proposed $20 billion acquisition of Teck Resources on national security grounds, sending the deal to a net economic benefit review.
The merger is valued at $53 billion and would create a copper producer.
Industry Minister Mélanie Joly said a decision will be made in coming months.
Ottawa requires full redomiciling to Canada, not just a symbolic headquarters shift, under Investment Canada Act rules.
Shareholders will vote on December 9.

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Story summary

Canada cleared Anglo American's proposed $20 billion acquisition of Teck Resources on national security grounds, sending the deal to a net economic benefit review.
The merger is valued at $53 billion and would create a copper producer.
Industry Minister Mélanie Joly said a decision will be made in coming months.
Ottawa requires full redomiciling to Canada, not just a symbolic headquarters shift, under Investment Canada Act rules.
Shareholders will vote on December 9.